Mexico's Central Bank Stays Cautious About Any Future Rate Cuts.

Mexico's central bank has expressed caution about future interest rate cuts, citing concerns about a strong domestic economy and inflation. The bank recently made its first rate cut since 2021, but policymakers emphasized the need for small adjustments and gradual reductions going forward. They stated that monetary policy should be managed prudently and that any further rate cuts would be assessed on a meeting-by-meeting basis. The central bank targets inflation at 3%, but annual inflation currently stands at 4.48%. Some members also discussed the challenges of reducing the deficit and the potential for private investment to boost the economy. [Extracted from the article]

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